Woori Bank (NYSE:WF) Short Interest Down 32.2% in July

Woori Bank (NYSE:WF) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 244,375 shares, a drop of 32.2% from the June 30th total of 360,329 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 199,732 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Woori Bank from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings lowered Woori Bank from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 8th. Finally, Zacks Research raised shares of Woori Bank from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Woori Bank has a consensus rating of “Moderate Buy”.

Woori Bank Price Performance

Shares of Woori Bank stock opened at $68.99 on Friday. Woori Bank has a 52 week low of $48.83 and a 52 week high of $84.71. The stock has a market cap of $16.74 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.65 and a beta of 1.02. The company’s 50-day moving average price is $61.89 and its two-hundred day moving average price is $65.89. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.87.

Institutional Trading of Woori Bank

A number of hedge funds have recently bought and sold shares of WF. TD Private Client Wealth LLC boosted its stake in Woori Bank by 14.6% in the 4th quarter. TD Private Client Wealth LLC now owns 1,262 shares of the bank’s stock worth $74,000 after purchasing an additional 161 shares during the period. Smartleaf Asset Management LLC grew its position in Woori Bank by 9.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,914 shares of the bank’s stock worth $113,000 after acquiring an additional 166 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in Woori Bank by 34.2% in the first quarter. Bell Investment Advisors Inc now owns 675 shares of the bank’s stock worth $45,000 after purchasing an additional 172 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Woori Bank by 68.1% during the 1st quarter. Bessemer Group Inc. now owns 437 shares of the bank’s stock worth $29,000 after acquiring an additional 177 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in Woori Bank by 12.4% during the fourth quarter. Allworth Financial LP now owns 1,693 shares of the bank’s stock valued at $100,000 after purchasing an additional 187 shares during the last quarter. 3.41% of the stock is owned by hedge funds and other institutional investors.

About Woori Bank

Woori Bank Co, Ltd. (NYSE: WF) is a South Korean commercial bank and the principal banking unit of Woori Financial Group. Established in 2001 through the merger of Hanvit Bank and Peace Bank, the institution traces its roots to earlier banking entities that date back to the late 19th and mid-20th centuries. Headquartered in Seoul, Woori Bank operates under a universal banking model, serving both individual customers and corporate clients with a comprehensive suite of financial products and services.

The bank’s core operations encompass retail banking, corporate and investment banking, treasury services, and wealth management.